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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 48,652 $ 14,384
Adjustments to reconcile to net cash provided by (used in) operating activities:    
Stock-based compensation expense 11,805 14,527
Depreciation and amortization 29,899 28,155
Deferred income taxes 18,618 4,814
Change in fair value of contingent obligations 1,350 (1,253)
Debt issuance costs (1,426) 0
Abandonment of long-lived assets 0 3,749
Excess tax benefits from stock-based compensation 0 (10,825)
Other 703 2,467
Changes in operating assets and liabilities:    
Accounts receivable 9,411 45,035
Inventories 5,113 (16,183)
Income taxes (5,515) (10,072)
Prepaid expenses and other assets (2,157) (3,146)
Accounts payable 2,965 (1,305)
Accrued expenses and other liabilities (2,334) (1,699)
Accrued compensation (1,902) (152)
Provision for chargebacks 0 103
Deferred revenue 14,006 (1,348)
Net cash provided by operating activities 129,188 67,251
Cash flows from investing activities:    
Purchases of property, plant and equipment and other (42,381) (56,243)
Net cash used in investing activities (42,381) (56,243)
Cash flows from financing activities:    
Issuance of common stock upon exercise of stock options 10,799 14,981
Excess tax benefits from stock-based compensation 0 10,825
Taxes paid on behalf of employees for equity activity (4,184) (4,590)
Payments of notes payable (20,000) 0
Distribution to Aptevo 0 (45,000)
Contingent obligation payments (2,744) (1,226)
Restricted cash (1,043) 0
Purchase of treasury stock (83) 0
Net cash used in financing activities (17,255) (25,010)
Effect of exchange rate changes on cash and cash equivalents (74) 139
Net increase (decrease) in cash and cash equivalents 69,478 (13,863)
Cash and cash equivalents at beginning of period 271,513 312,795
Cash and cash equivalents at end of period $ 340,991 $ 298,932